House Speaker Kevin McCarthy, R-Calif., and President Biden will meet at the White House to discuss the debt ceiling and government spending on Wednesday.
Fisher Investments founder and chairman Ken Fisher discusses Congress' handling of the debt ceiling and recession fears.on Wednesday to discuss raising the debt limit and cutting government spending.
"I know the president said he didn't want to have any discussions, but I think it's very important that our whole government is designed to find compromise," McCarthy said Sunday on CBS News' "Face the Nation." "I want to find a reasonable and a responsible way that we can lift the debt ceiling, but take control of this runaway spending."
Earlier this month, the U.S. bumped up against the debt ceiling, which is currently around $31.4 trillion, forcing thePresident Biden returns to the White House on January 02, 2023, in Washington, DC.
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